Axon Enterprise - AXON Short Interest Ratio & Short Volume

Short interest is the volume of Axon Enterprise shares that have been sold short but have not yet been covered or closed out. As of March 15th, traders have sold 2,220,000 shares of AXON short. Learn More on Axon Enterprise's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. AXON shares currently have a short interest ratio of 3.0. Learn More on Axon Enterprise's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Axon Enterprise: Parallax Volatility Advisers L.P., Portman Square Capital LLP, Jane Street Group LLC, Squarepoint Ops LLC, Susquehanna International Group LLP, Group One Trading L.P., IMC Chicago LLC, Cutler Group LLC CA, Simplex Trading LLC, Wolverine Asset Management LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Axon Enterprise saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,220,000 shares, an increase of 16.2% from the previous total of 1,910,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "industrial products" compare to Axon Enterprise: Amcor plc (1.87%), Zebra Technologies Co. (1.26%), Reliance Steel & Aluminum Co. (1.35%), IDEX Co. (1.53%), Ball Co. (5.30%), Tenaris S.A. (0.59%), Avery Dennison Co. (2.35%), Xylem Inc. (5.57%), Hubbell Incorporated (1.91%), and Nordson Co. (2.54%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Co. ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Limited ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling AXON is an investing strategy that aims to generate trading profit from Axon Enterprise as its price is falling. AXON shares are trading up $1.51 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Axon Enterprise occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of AXON, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including AXON, twice per month. The most recent reporting period available is March, 15 2023.